Nairobi, Feb. 8 -- The share prices of East African Breweries Plc (EABL), Kenya Power and Safaricom have rallied after all three firms declared higher interim dividends to shareholders this past week.

The price rally is attributable to increased demand for the stocks as investors seek to lock in the early cash payout.

Safaricom's stock has risen the most, growing by 4.57 percent from Sh30.60 on Wednesday before the dividend announcement to Sh32 at the close of trading on Friday last week.

The firm raised its interim dividend payout by 54.5 percent to Sh0.85 per share, up from Sh0.55 per share for the last two comparable financial cycles.

Read:Safaricom raises interim dividend payout as State eyes Sh11.9bn

The telco's share price reac...